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- Seven key actions enable a sustainable energy future <\/li>\n
- Carbon-neutrality is paramount for the long-term economic
\nprosperity of the region<\/li>\n - Event partners included German Chambers of Commerce Abroad,
\nAsia-Pacific Hydrogen Association, Global Manufacturing and Industrialization Summit,
\nMasdar, and Siemens Gamesa<\/li>\n - More than 2,500 participants joined in the virtual
\ndiscussions over two days. <\/li>\n<\/ul>\n
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\n <\/p>\nSINGAPORE – Media OutReach<\/a> – 12 March 2021 – Regional
\nand global business leaders, policy makers and government representatives
\nthroughout the energy sector convened at the Asia Pacific Energy Week to
\ndiscuss regional challenges and opportunities. Themed ‘Shaping the Energy of
\nTomorrow’, the 2-day virtual event held from March 9 to 10, 2021 saw more than
\n2,500 participants actively engage in the discussions, opinion polls and
\nquestions. The primary objective focused on fostering an ecosystem of
\ncollaboration and co-creation between stakeholders to help meet the world’s
\nsustainability goals, boost economic growth, create new jobs and industries,
\nimprove human welfare and attain carbon neutrality by 2050. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nOver the two days, the
\nthought leaders in diverse panel sessions deliberated and arrived at 7 key
\ntrends for a successful transition towards a sustainable energy future. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n- \n
- Access to reliable, affordable and sustainable
\nenergy supply is a necessity for economic growth<\/li>\n - Ramp up the contribution of renewable energy for
\nlong-term sustainability<\/li>\n - Utilize technology for efficient and cleaner use of
\nenergy<\/li>\n - Embrace emerging and cleaner energy resources like
\nGreen Hydrogen<\/li>\n - Digitalization and AI-driven technologies will form
\nthe core of a future-proof and efficient transmission system<\/li>\n - Access to sustainable, competitive capital will
\naccelerate the energy transformation journey<\/li>\n - Collaboration among stakeholders is imperative for
\nthe transformation of the energy landscape<\/li>\n<\/ol>\n
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\n <\/p>\n“As
\nthe world’s fastest growing economic region today, Asia Pacific is witnessing
\nincreasing urbanization, rising population and monumental energy needs. With
\nAsia Pacific accounting for more than half of global energy consumption, and
\nwith 10% of the population still lacking access to basic electricity, the
\nquestion is how to bridge into an affordable, reliable and sustainable power
\nsupply, while improving energy access,” said Christian Bruch, President and
\nCEO, Siemens Energy.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nWith prices of renewables declining and with grid stabilization
\ntechnology advancing, ramping up the contribution of renewable sources makes
\neconomic sense and will also drive long-term sustainability for the region.
\nGovernments can contribute with policies and regulations driving this change,
\nand the industry could translate emerging business strategies into practical
\nbusines models, develop reliable projects and drive technological innovations.
\nTo accelerate the energy transition, all stakeholders must join forces and work
\ntowards the transformation.<\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nAudience
\nengagement also revealed some vital insights on energy transition:<\/p>\n
\n <\/p>\n- \n
- More than
\n45% of the participants indicated that cost was a major hurdle followed by
\nwillingness for energy transition at nearly 25%<\/li>\n - Over 66%
\nidentified renewable integration as the most impactful decarbonization element<\/li>\n - 48% voted
\nthat a breakthrough in energy storage will accelerate energy transition<\/li>\n - 75% of
\nparticipants would be willing to pay a premium for CO2 free energy, and<\/li>\n - Policy and
\nregulation will be a key motivator.<\/li>\n<\/ul>\n
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\n <\/p>\nThe event was organized in collaboration
\nwith the German Chambers of Commerce Abroad (AHK);\u00a0 the Asia-Pacific Hydrogen Association;\u00a0
\nthe Global Manufacturing and Industrialization Summit (GMIS); Masdar – a
\nglobal leader in renewable energy and sustainable urban development which is
\nwholly-owned by the Abu Dhabi government’s Mubadala Investment Company, and
\nSiemens Gamesa. <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nRecordings of the sessions can be accessed by
\nregistered accounts here: https:\/\/live.apweek.siemens-energy-events.com<\/a><\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\nThis press release and further material is available
\nat https:\/\/press.siemens-energy.com\/global\/en\/pressrelease\/asia-pacific-energy-leaders-identify-seven-key-trends-sustainable-energy-future<\/a> <\/p>\n
\n <\/p>\n\u00a0<\/p>\n
\n <\/p>\n
- More than
- Access to reliable, affordable and sustainable
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www.twitter.com\/siemens_energy<\/a><\/p>\n